EURGBP: Probably Bottomed, Near-term Upside Favored

FX:EURGBP   Euro / British Pound
1186 14 23
-EURGBP completed an inverse head and shoulders bottom
-Bullish engulfing candle breached the neckline of the pattern
-Falling Trend line was taken
-50-days SMA was taken
-Bullish divergence on Momentum

I am looking to long near 0.7990, targeting 0.8080 as an initial upside target, followed by the dynamic target at the falling trend line , with a stop below 0.7915.

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Hi Technician !

I see a nice decision point zone now.
How do you think for next days ?

Best Regards,
Hello buddy, i dont have a trade-able setup on the pair now.. But watch for 0.8080-0.8100 resistance. A pin bar at this are may increase the chances of a bearish resumption trade. Alternatively if we break high, i would look for long setups
+1 Reply
Hi technician what is zoar view on this pair now
Technician PRO manijeh.kazemi.33
This setup failed. Nothing to suggest now.
DennySantoso Technician
it's a Cypher Pattern completed at Target 1
+1 Reply

+1 Reply
Missed lot of signals here :( My rules says not to enter anymore, but i will definitely follow how this turns to you. Nice share!
+1 Reply
Hi Technician, I just posted an idea on eurgbp, can you have a look, Thx.
thanks for analysis Iwish you luck
BUY at 0,7980 ---- my setup
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